Wolfspeed (WOLF) Tops Q2 EPS by 2c, Offers Guidance

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Wolfspeed Reports Financial Results for the Second Quarter of Fiscal Year 2022

January 26, 2022 4:05 PM EST

DURHAM, N.C.--(BUSINESS WIRE)-- Wolfspeed, Inc. (NYSE: WOLF), formerly known as Cree, Inc., today announced revenue of $173.1 million for its second quarter of fiscal 2022, ended December 26, 2021. This represents a 36% increase compared to revenue from continuing operations of $127.0 million reported for the second quarter of fiscal 2021, and a 11% increase compared to the first quarter of fiscal 2022. GAAP net loss from continuing operations for the second quarter of fiscal 2022 was $96.7 million, or $0.82 per diluted share, compared to GAAP net loss from continuing operations of $54.3 million, or $0.49 per diluted share, for the second... More